Investor Presentation- November 2026

November 2026

Corporate Snapshot

• Top 30 national/regional bank*

• Midwest/Southwest franchise

• 116 full-service locations across 8 states

• Seasoned management team

• Proven ability to deliver organic growth

• Consistent execution and strategy

• Long-term focused

Key Statistics

as of September 30, 2026

$54.1 billion

$27.7 billion

$39.5 billion

$129.3 billion

*Total assets as of 06/30/2026

BOK Financial Corporation

CONSUMER, COMMERCIAL & MORTGAGE BANKING

BOK Financial ®

Bank of Texas

Bank of Albuquerque Bank of Oklahoma

BOK Financial Mortgage

BROKER/DEALER &

INDEPENDENT ADVISORY SERVICES

BOK Financial Securities BOK Financial Advisors

TRANSACTION & PAYMENT PROCESSING

TransFundSM

WEALTH MANAGEMENT

BOK Financial Asset Management BOK Private Wealth

Cavanal Hill

BOK Financial Footprint

Additional Wealth Management offices

Banking and wealth management services provided by BOKF, NA.

Broker/dealer and investment advisory services provided by BOK Financial Securities, Inc.

3

Build a bank with diverse 12

revenues that can

BOKF CAGR = 8.0%

KRX CAGR = 4.6%

compete upstream and 10

outperform peers across 8

varying economic cycles.

6

Long-term EPS Growth vs. KRX Median*

"There is no principle more 4

than managing for long-term 2

0

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

BOKF KRX Median

*Chart data based on Bloomberg EPS data for BOKF and KRX index members as of 2025. Chart data is indexed to 1 as of 1995.

Disciplined concentration management, diversified by sector & geography

Loan Segmentation Collateral Location

as of 9/30/2026 as of 9/30/2026

33%

17%

22%

15%

2%

12%

18%

14%

Commercial real estate Healthcare

Loans to individuals Services

Energy

General business Mortgage finance

29%

3%

3%

7%

10%

15%

Texas

Oklahoma Colorado Arizona

Kansas/Missouri New Mexico

Other

Energy Banking

• More than 100-year history in energy lending

• Focus on first-lien, senior-secured E&P lending, the "sweet spot" in energy lending

• Seasoned internal petroleum engineering staff to confirm collateral values - a material investment that is a key to strong credit performance across the cycle

• Minimal exposure to second liens, undeveloped reserves, or other higher-risk components of the capital stack

• 50-60% loan to value on proven producing reserves

  Healthcare Banking

• Favorable spreads

• Predominately BOK Financial originated commitments

• Senior housing commitments real-estate collateralized and secured

• Favorable credit metrics

  Portfolio Composition

  as of 9/30/2026

  15%

  $3.3 billion

  outstanding

  7%

  13%

  $4.0 billion

  outstanding

  9%

  76%

  Oil & Gas Producers

  Oil & Gas Midstream

  Services

  Commercial Real Estate

• Collateral focused in Texas (32%), Arizona (9%), Colorado (7%), New Mexico (6%),

  Oklahoma (5%) and Kansas/Missouri (2%)

• Allocate 185% of Tier 1 capital plus reserves to CRE (ratio is currently 165%)

• Further controls and limitations by product type and geography with concentration guidelines analyzed and adjusted quarterly, as needed

• Strong relationship between the front-line production/bankers and credit concurrence

  8%

  2%

  12%

  78% Hospital

  Medical Services

  Senior Housing

  Multifamily

  officers

• Minimal exposure to residential construction and land development (highest risk, most cyclical sector in CRE)

14%

$6.1 billion outstanding

41%

Industrial

Office

Retail

Residential Cons Other

23%

Deposit Mix & Cost ($Million) Deposit Mix by Geography

Demand

8%

4%

4%

6%

50%

1%

27%

Interest-bearing transaction Savings

Time

$45,000

2%

21%

$40,000

Deposit Mix by Line of Business

Total Deposit Breakdown

19%

27%

4%

$35,000

$30,000

2%

2% 2%

$25,000

$20,000

$15,000

$10,000

$5,000

$-

IB Deposit Cost (%)

20%

27%

Dec '23 Dec '24 Dec '25 Sep '26

2.70%

3.11%

3.68%

2.79%

MSA Branches Deposit Share

Tulsa, OK 21 31 %

Dallas/Fort Worth/Metro, TX 20 1 %

50%

Wealth Commercial Consumer Small Business

6%

9%

4%

Commercial Deposit Breakdown

20% 38%

Oklahoma City, OK 15 12 %

Denver/Metro, CO 13 3 %

Albuquerque, NM 12 13 %

Source: Company filings, S&P Global Market Intelligence

23%

On average, 35%-40% of total revenues come from a diverse set of well-established fee income businesses, a differentiator compared to other midsized regional banks

• Consistently among the top dealers of mortgage backed securities

• Robust municipal and advisory services

• Strong mortgage originator and servicer

  Asset Management & Transactions

• $129.3 billion in assets under management or administration at September 30, 2026

• 8th largest corporate trustee bank ranked by number of trusteeships

• Top 10 Electronic Funds Transfer processor in the United States through our TransFund business, which provides Debit and Credit Issuing Processing (EFT) for almost 500 Banks & Credit Unions throughout the U.S.

BOKF

Q3 2026 Fee Income % vs. KRX Index

-% 5% 10% 15% 20% 25% 30% 35% 40%

Fee Income %

Wealth Management Revenue

($Million)

Primary Lines of Business

• Private Wealth / Asset Management - Banking and investment management, trust and estate administration, and Cavanal Hill family of funds

• Institutional Wealth - Retirement plan services, financial planning, corporate trust, business transition services, institutional investment management, and asset custody

• Hedging and Risk Management - Energy, commodities, FX, interest rate, and mortgage production hedging

• Institutional Sales and Trading - Institutional investing, public and corporate finance, and reinsurance services

  $700.0

  $600.0

  $500.0

  $400.0

  $300.0

  $200.0

  $100.0

  2025

  $-

  CAGR: 6.8%

  2024

  2023

  2022

  2021

  2020

  2019

  2018

  2017

  2016

  2015

  Other Operating Revenue NII after loans charged off

  $604.7

• Specialty Asset Management - Mineral management, real estate management, and advisor trust services

  Wealth Management By The Numbers

• Assets under management or administration ("AUMA"): $129.3 billion

• Fiduciary assets: $78.1 billion

• Average loans: $2.5 billion

• Average deposits: $10.7 billion

• More than $1 trillion in traded securities annually

  Assets Under Management or Administration

  ($Billion)

  CAGR: 5.7%

  $140.0

  $120.0

  $100.0

  $80.0

  $60.0

  $40.0

  $20.0

  Sep 2026

  2025

  2024

  2023

  2022

  2021

  2020

  2019

  2018

  2017

  2016

  2015

  $-

  $129.3

  Total Fiduciary Assets Assets Held in Safekeeping or Administration

  Wealth Management

  Awards, Recognition, and Rankings

• Retirement Plan Services recognized as a top five provider and recipient of six "Best in Class" awards in 2023

• Eighth largest corporate trustee bank by number of trusteeships and fifth in paying agencies

• Among the top bond underwriters and financial advisors in the United States and #1 in Texas

• One of the top 25 firms that fulfills the hedging needs of the mortgage banking industry

• Fifteen Lipper awards over the past 13 years for Cavanal Hill, our proprietary mutual fund family

  Wealth Revenue by Line of Business

  For the three months ended September 30, 2026

  Cavanal Hill, 2%

  Private

  Wealth, 44%

  BOK

  Financial Securities, 31%

  Institutional

  Wealth, 23%

  Cavanal Hill BOK Financial Securities

  Institutional Wealth Private Wealth

  Wealth AUMA by Line of Business

  Cavanal Hill, 5%

  Private

  Wealth, 19%

  BOK

  Financial Securities, 22%

  Institutional Wealth, 54%

  As of September 30, 2026

  Cavanal Hill BOK Financial Securities

  Transaction Processing Debit Processing & ATM Network

  • Operates nationally

  • More than 75% of clients are outside of Oklahoma

  • Clients: Banks, Credit Unions and C-store chains

  • 830+ million EFT transactions processed in 2025

  • TransFund celebrated its 50th year as a BOK Financial line of business with record debit, processing, ATM and merchant sales in 2025

    Merchant Payment Processing

  • Process payments for 10,000 merchant and cash advance locations

  • In 2025, processed $3.3 billion in merchant sales

  • Processing verticals include: Healthcare, Transportation, Governments, Public/Private Universities, and Retail

  • 24 million merchant transactions processed in 2025

    Transaction Processing Volume

    as of 12/31/2025

    EFT TRANSACTION VOLUMES

    (Million)

    CAGR: 4.3%

    2025

    2016

    0 100 200 300 400 500 600 700 800 900

    MERCHANT VOLUME

    ($Million)

    CAGR: 3.8%

    2025

    2016

    $- $1,000 $2,000 $3,000 $4,000

    Q3 Financial Highlights

    		Net Income
    •	Net income was $159.9 million, or $2.64 per diluted share, compared to $176.5 million, or $2.92 per diluted share in the prior quarter. Prior quarter net income would have been $156.5 million, or $2.59 per diluted share, excluding the net gain related to the exchange of Visa B shares and the loss from repositioning of the available-for-sale securities portfolio*	Attributable to shareholders Per share (diluted) $177.3 $140.9	$155.8		$176.5		$159.9
    •	Net interest margin increased 9 basis points to 3.00% and core net interest margin, excluding trading, expanded 8 basis points to 3.21%*. Core margin benefitted from loan growth and fixed-rate asset repricing	$2.89	$2.58		$2.92		$2.64
    •	Period end loans grew $646 million, or 2.4% sequentially to $27.7 billion with broad-based growth across our portfolio and footprint. Period end loans grew $2.9 billion, or 11.5%, compared to the third quarter of 2025	$2.22

  • Net charge-offs were $886 thousand during the quarter averaging 2 basis points over the last twelve months

  • Continued strong capital and liquidity position with TCE* at 9.2% and a loan to deposit ratio of 70%

    3Q25 4Q25 1Q26 2Q26 3Q26

    Revenue Composition

    13%

    3%

    as of 9/30/2026

    66%

    ($Million, exc. EPS)	Q3 2026	Q2 2026	Q3 2025
    Net income	$159.9	$176.5	$140.9	6%
    Diluted EPS	$2.64	$2.92	$2.22			3%
    Net income before taxes	$200.8	$227.7	$176.6		3%
    Provision for credit losses	$0.0	$0.0	$2.0	Net Interest Income		Deposit Service Charges

    6%

    Pre-provision net revenue*	$200.8	$227.7	$178.6
    Efficiency ratio*	63.5%	60.2%	66.7%
    Adjusted efficiency ratio*	63.5%	63.5%	66.9%

    * Non-GAAP measure

    Trading & Brokerage

    Fiduciary & Asset Management Transaction Card

    Mortgage Banking Other Revenue

    12

    Additional Details

    Q3 2026 Quarterly	Quarterly
    Sequential	YOY	million, with broad-based growth across our
    		portfolio and geographic footprint. Average

    • Period end loan balances increased $646

    ($Billion)

    Assets Under Management or Administration

    $129.3 0% 5.4%

    loan balances grew $468 million

    Period End Loans

    $27.7

    2.4%

    11.5%

    Average Loans	$27.2	1.7%	9.7%
    Period End Deposits	$39.5	(0.8)%	2.7%
    Average Deposits	$39.5	0.8%	2.7%
    Fiduciary Assets	$78.1	(1.0)%	5.8%

    Average deposits grew $304 million in Q3, with growth in interest-bearing transaction accounts, time deposits, and demand deposits

    The loan to deposit ratio was 70% at September 30, up from 68% in the prior quarter. This continues to be well below the pre-pandemic level of 79% at Dec. 31, 2019

    • Assets under management or administration were stable at $129.3 billion

• Total Commercial loans grew $358 million or 2.2% sequentially, led by growth in the energy and mortgage finance portfolios

• Combined Services & General Business (Core C&I) balances increased $15 million or 0.2% linked quarter

• Energy balances increased $264 million or 8.6% driven by both higher utilization across existing relationships and solid new production

• Healthcare balances decreased $59 million or 1.4% linked quarter

  Total Commercial Real Estate	$ 6,133.3 $	5,885.3 $	5,752.6	4.2%	6.6%
  Loans to individuals	$ 4,941.0 $	4,900.9 $	4,599.6	0.8%	7.4%
  Total Loans	$ 27,729.5 $	27,083.7 $	24,865.2	2.4%	11.5%

• Commercial Real Estate loans increased $248 million or 4.2% as commitments from the prior few quarters begin to fund

  ($Million) Sep. 30, 2026 June 30, 2026 Sep. 30, 2025 Seq. Loan Growth

  YOY Loan Growth

  Credit Quality Metrics

  • Credit quality continues to be strong with nonperforming assets, excluding loans guaranteed by U.S. government agencies, totaling $58 million or 0.21% of outstanding loans and repossessed assets

  • Trailing 12 months net charge-offs at 2 bps with net charge-offs of $886 thousand during Q3

  • No provision for credit losses was necessary for the quarter as an improvement in economic forecast assumptions were offset by the impact of loan growth during the quarter

  • Combined allowance for credit losses of $322 million or 1.16% at quarter end

    Committed Criticized Assets / Tier 1 Capital & Reserves

    19.1%

    18.0%

    11.3%

    12.1%

    11.0%

    10.3%

    11.2%

    30.0%

    20.0%

    10.0%

    -%

    4Q18 4Q19 3Q25 4Q25 1Q26 2Q26 3Q26

    Net Charge-Offs to Average Loans

    Annualized

    0.06%

    0.02%

    0.03%

    0.01%

    0.01%

    0.20%

    0.10%

    0.00%

    3Q25 4Q25 1Q26 2Q26 3Q26

    NPA (ex Govt. Guaranteed) as % of Total Loans

    1.75%

    1.50%

    1.25%

    1.00%

    0.75%

    0.50%

    0.25%

    3Q26

    2Q26

    1Q26

    4Q25

    3Q25

    2Q25

    1Q25

    4Q24

    3Q24

    2Q24

    1Q24

    4Q23

    3Q23

    2Q23

    1Q23

    4Q22

    3Q22

    2Q22

    1Q22

    4Q21

    3Q21

    2Q21

    1Q21

    4Q20

    3Q20

    2Q20

    1Q20

    -%

    Credit Resilience

    Disciplined Credit Concentration

  • CRE limit on total committed balances is 185% of tier one capital plus reserves

  • Office CRE outstandings only comprise 3% of total loans

    100 year history in energy lending and a tested playbook

  • 72% oil / 28% gas-weighted borrowers

  • Robust stress testing process with 18 petroleum engineers and analysts on staff

    * '26 YTD has been annualized for comparability with prior periods.

    Yields, Rate & Margin

    Net Interest Income

  • Net interest income grew $18.1 million linked quarter while core net interest income, excluding

    Net Interest Income $370.0 $351.8 $337.6 5.2% 9.6%

($Million) Q3 2026 Q2 2026 Q3 2025 Quarterly Sequential

Quarterly YOY

trading, increased $15.1 million*

Net Interest Margin 3.00% 2.91% 2.91% 9 bps 9 bps

Net Interest Margin

Customer Hedging Fees 5.8 (0.9) (14.0)% 0.9%

Syndication Fees 4.0 (3.4) (45.9)% (4.5)%

Markets & Securities $ 36.2 (15.2) (29.6)% (42.6)%

Total Trading Revenue

B

A

A

($Million) Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025

Trading NII 21.3 18.3 15.4 13.2 14.3

B

+

Fiduciary & Asset Management 69.9 (1.1) (1.6)% 9.4%

Transaction Card 32.2 0.6 1.9% 9.3%

Deposit Service Charges & Fees 34.1 0.8 2.4% 7.0%

Other Revenue 15.6 0.9 6.4% (3.9)%

2

Asset Management & Transactions 151.8 1.2 0.8% 7.3%

Total Fees & Commissions $ 188.0 $ (14.0) (6.9)% (8.1)%

2

1

+

• Personnel expenses were relatively consistent with the prior quarter. Deferred compensation costs, which are offset in Other gains and losses, decreased $7.4 million. Excluding deferred compensation, personnel expenses increased $6.5 million

• Regular compensation increased $3.2 million, largely reflecting strategic investments in talent for revenue producers

• Cash-based incentive compensation increased $1.2 million, primarily related to higher loan production during the quarter

• Employee benefits costs increased

$1.1 million. Higher employee healthcare costs were partially offset by seasonal decreases in payroll taxes

**Other gains and losses, net includes deferred compensation gains of $1.8 million in Q3 2026, gains of $8.8 million in Q2 2026, and gains of $4.5 million in Q3 2025.